American Airlines Reports Drop in Traffic for January, Raises Fuel-Cost Guidance
The Fort Worth-based carrier reported slightly lower traffic for January and also raised its fuel-cost guidance for its first quarter, citing the recent rise in fuel prices.
Consolidated system traffic for the airline was 16.8 billion revenue passenger miles, or RPMs, down 2.8% from 17.3 billion in the same period last year. Consolidated capacity was 21.5 billion available seat miles, or ASMs, a slight drop from 21.55 billion.
The airline’s consolidated load factor was 78.2%, a decrease of 2.1 percentage points from 80.3% in January 2014.
American said it expects its first-quarter fuel price to be in the range of $1.81 to $1.86 a gallon, ten cents higher than its previous forecast range.
The Fort Worth-based company operates both American Airlines and US Airways, and was formed by the merger of AMR Corp. and US Airways Group in December 2013.
The company only released consolidated results and did not break down reporting between American Airlines and US Airways. January 2015 is the 13th full month in which the two airlines operated under one corporate umbrella following the merger.
(Photo: Accura Media Group)
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